"Indeed, Apple Intelligence may have failed to deliver, and many analysts have been quite vocal about what the Cupertino-based giant should do to catch up. From acquiring AI search startup Perplexity AI to making an investment in OpenAI, there's no shortage of things that Wall Street thinks Apple should do. And while I wouldn't rule out a direct investment in an AI startup,"
"Undoubtedly, Nvidia ( NASDAQ:NVDA) recently announced its plans to invest a whopping $100 billion in OpenAI. For the most part, investors are excited about the move, but Nvidia is paying quite a lofty price for its ticket into the AI juggernaut. Of course, if OpenAI is destined to be worth more than a trillion dollars, perhaps Jensen Huang is still getting in at a decent time."
Jim Cramer recently made several accurate market calls and specifically commented on Apple. Apple Intelligence has underperformed and analysts suggest acquisitions or investments such as Perplexity AI or OpenAI to catch up. Apple prefers developing AI internally rather than paying steep premiums for external deals. Nvidia announced a planned $100 billion investment in OpenAI, prompting investor excitement but raising concerns about the high cost. Jefferies downgraded AAPL to underperform and trimmed its price target, citing the iPhone 17 demand surge being driven more by pricing than innovation and lowered expectations for upcoming iPhone models including a potential foldable.
Read at 24/7 Wall St.
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